From The Motley Fool · The Motley Fool Team · · 40s
Verizon's 3 Long-Term Investor Takeaways
Verizon's strategic shifts boost long-term growth for investors.
In brief
Verizon's strategic shifts boost long-term growth for investors. Verizon's subscriber growth, AI infrastructure contracts, and millimeter wave spectrum deployment create long-term value for investors. Originally reported by The Motley Fool.
Subscriber Growth Without Promotions
Verizon added 406,000 net postpaid phone subscribers while reducing acquisition costs by 41% year over year.
“Our postpaid phone net additions were up 820% year-over-year to 406,000, our strongest Q3 in five years”
AI Infrastructure Contracts
Verizon secured $4 billion in signed contracts with major cloud providers including a dark fiber agreement with Amazon Web Services.
“We now have signed contracts for approximately $4 billion, and based on the demand we are seeing, we expect both our fiber and edge computing to add meaningfully to our future growth”
Millimeter Wave Spectrum Deployment
Verizon uses millimeter wave spectrum to roll out 1-gigabit Fixed Wireless Access across major cities.
“Using our millimeter wave spectrum, we have developed an innovative solution that will enable us to deliver a 1 gig FWA product in metro areas across the country”
The key point
Verizon's subscriber growth, AI infrastructure contracts, and millimeter wave spectrum deployment create long-term value for investors.
